Ark Invest Expands BitMine Stake With $15.6M Purchase, Signaling Long-Term Crypto Confidence

Cathie Wood's Ark Invest has deepened its commitment to the digital asset sector with a $15.6 million purchase of BitMine Immersion Technologies shares. The acquisition, spread across three ETFs—ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF)—pushes Ark's total investment in the company beyond $300 million.

The MOVE comes amid persistent market volatility, underscoring Ark's conviction in disruptive crypto-linked firms. While maintaining a $676 million position in Coinbase despite recent share sales, the firm appears to be balancing its portfolio with strategic bets on infrastructure players like BitMine.

This latest investment reflects institutional momentum building behind blockchain technologies, particularly those supporting ethereum and other major protocols. The diversified allocation across multiple funds suggests a calculated approach to crypto exposure rather than speculative positioning.